Mega Setback

Ant Group’s mega IPO suspended after Jack Ma questioned

Ant's IPO, which would have been world’s largest ever, now seen unlikely to go ahead in the short-term although wider impact on sentiment won’t last long, says one analyst.

FA Reporters

November 04, 2020

The $34.4 billion dual-listing plans for Ant Group’s shares have been suspended in a setback to the giant Chinese financial technology company, after founder Jack Ma and other senior executives were questioned by mainland Chinese regulators earlier this week.

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